By: Scott Redler
Tiering in and out of Gold has been working great. By taking trades along the way, it gives you the opportunity to “handle” down moves like today. I am only in Tier 2 right now, but I think Gold held up great today. If you do not own any gold I would buy some GLD today in the 117-118 range. Place stops for the trade at 116.50. Gold has a new high level flag in front of the old December Highs.
I THINK WE GET A NEW HIGH TRADE AT SOME POINT THIS WEEK. Let’s hope it happens intraday so we can take momentum size.
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